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Major news items in leading Kenyan media outlets

Xinhua, March 17, 2016 Adjust font size:

The following are news highlights of leading Kenyan media outlets on Thursday.

-- A British company, Tullow Oil, has struck oil in Kerio Valley, adding the find to the Turkana basin where it is already engaging in exploration activities. The new find puts Kenya on the edge of becoming one of the biggest producers of oil in the region. (Daily Nation)

-- New hopes for struggling Kenyan coffee farmers as the government pledges to clear 11.9 million U.S. dollars debt their cooperative societies owe to various agencies and individuals. (The Standard)

-- A former executive wanted in Jersey for bribery and money-laundering charges is said to have withdrawn 4.7 million dollars from an account in the nation before it was frozen. (Business Daily).

-- Kenyan banks have increased their lending charges by 3 to 6 percent this year to sustain their profit margins, a new survey has shown. (The Star) Endit